Boeing's recent wave of layoffs, which affected 438 members of the Society of Professional Engineering Employees in Aerospace, highlights the company's struggle to realign its workforce to fit the financial landscape, particularly after an extended strike. CEO Kelly Ortberg clarified that despite financial strains, these cuts are directly related to prior overstaffing rather than the recent labor disruptions. Eligible employees are set to receive transition services and severance benefits, signaling the company's attempt to support affected workers during this restructuring phase.
In a move to address its financial challenges, Boeing has announced drastic workforce reductions, affecting around 10% of its total employees, which translates to approximately 17,000 positions. On a call with analysts, CEO Kelly Ortberg emphasized the necessity of this restructuring, stating it was essential to 'reset our workforce levels to align with our financial reality.' This retrenchment comes after a difficult period marked by production slowdown and regulatory scrutiny, indicating deeper issues within the company.
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